Home for Sale at 100 MULBERRY Avenue, Mandeville, LA 70448

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100 Mulberry Avenue
Mandeville, LA 70448

Alice McNeely with REVE, REALTORS, original listing - (504) 300-0700

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Property Details

List Price:	$3,000,000
Beds:	3
Baths:	Full: 4, ½: 1
Status:	Active
SqFt:	4558 Square Feet
Agency:	REVE, REALTORS
Agency Phone:	(504) 300-0700

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Description/Comments

Lot Size:	2 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	--
Notes:	Vacation year-round in one of the most magnificent properties in Historic Lewisburg! Situated on three lots directly on Lake Pontchartrain, this home offers panoramic views from every room and Lake breezes from the many outdoor porches and patios. A spacious living room has a soaring ceiling and French doors which open to the wonderful screened-in porch with outdoor tv. A separate den with wet bar offers room to spread out, and the dining room with walls of glass bring the outdoors in. The kitchen has professional appliances and quartz counters, and an adjacent climate controlled wine cellar. The fabulous owner's suite features a spa-like luxurious bath and a private study. There is abundant storage under the home, and also a climate controlled gym, a full bath and a ground-level patio for those lakefront barbecues and crawfish boils. An elevator and whole-house generator round out the property. The current owner constructed a new 500' long all steel and fiberglass pier with an 18 ton boat lift, improved the grounds with grading, underground drainage and irrigation, re-built the exterior staircase, completed the ground floor and added epoxy flooring, and added a Padel Tennis court. The adjacent home at 110 Mulberry, also available, could be renovated to a perfect second home or guest house; with its +/- 2 Acres, the estate would then be 4.23 Acres (5 lots) directly on the Lake.
MlsNumber:	--
ListingId:	2504031

Listing Provided By:	REVE, REALTORS, original listing
Phone:	(504) 812-2236
Office Phone:	(504) 300-0700
Agent Name:	Alice McNeely
Disclaimer:	Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

Property Details

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Description/Comments

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HUD Foreclosures

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Foreclosure Listings Increasing